China: Inflation inches up in March from February's over two-year low
April 12, 2017
In March, consumer prices in China fell 0.3% from the previous month, following February’s 0.2% decrease. The reading mainly reflected a sharp decline in prices for food, tobacco and liquors and to a lesser extent in transportation and communication and education, culture and recreation.
Inflation rose from February’s 0.8% to 0.9% in March, coming below the 1.0% that market analysts had expected. February’s print had marked the lowest rate since January 2015. Annual average inflation fell from February’s 1.9% to 1.8% in March, marking a six-month low.
Meanwhile, producer inflation declined from February’s 7.8% to 7.6% in March. March’s print represented the first deceleration in producer inflation since September 2015. The print was above the 7.5% that the markets had expected. The annual average variation of the producer price index rose from February’s 0.8% to 1.8% in March, which represented the highest reading since July 2012.